Use the following Information to Answer the Questions Below The JWOL Corp is preparing their Cash Budget for the Upcoming Month of JUNE. Given the following; = 1. The Corp Estimated that they will PRODUCE 1,000 Bikes and SELL 800 Bikes During the month. 2. The Sales price per Unit is $150 Each per Unit 1.80% of All Sales are on Credit and 20% are Cash Sales. 2. 25% of the Credit Sales are collected during the current month and 75% are collected later. 3. Costs Include; 1. Direct material = $20 per unit, Direct Labor=$50 per unit 2. Sales Related Costs =$40 per unit 3.75% of All Variable Costs are paid during the current month and 25% are paid in the Next Month. 4. Manufacturing Salaries = $7,000 per month 5. Factory Rent Costs = $6,000 month. 6. Machinery Depreciation= $5,000 per month 7. SGA Costs = $3,000 per month
Answers
The projected total cash at the end of June for JWOL Corp is $63,000.
JWOL Corp is preparing its cash budget for the upcoming month of June. Here's a step-by-step explanation of the cash budget calculation:
1. Calculate the cash receipts:
Cash sales: 800 bikes sold at $150 each = $120,000
Collection of credit sales from the previous month:
1,000 bikes produced in the previous month
80% of sales are on credit: 1,000 bikes * 80% = 800 bikes
20% of credit sales collected in the current month: 800 bikes * 20% = 160 bikes
75% of credit sales collected later: 800 bikes * 75% = 600 bikes
25% of credit sales collected in the current month: 600 bikes * 25% = 150 bikes
Collection of credit sales from the previous month: 160 bikes + 150 bikes = 310 bikes
Collection amount: 310 bikes * $150 = $46,500
Total cash receipts: $120,000 + $46,500 = $166,500
2. Calculate the cash payments:
Variable costs:
Direct material cost: $20 per unit * 1,000 bikes = $20,000
Direct labor cost: $50 per unit * 1,000 bikes = $50,000
Sales-related costs: $40 per unit * 1,000 bikes = $40,000
Total variable costs: $20,000 + $50,000 + $40,000 = $110,000
Fixed costs:
Manufacturing salaries: $7,000 per month
Factory rent costs: $6,000 per month
Machinery depreciation: $5,000 per month
SGA costs: $3,000 per month
Total fixed costs: $7,000 + $6,000 + $5,000 + $3,000 = $21,000
Variable costs paid during the current month: 75% * $110,000 = $82,500
Total cash payments: $82,500 + $21,000 = $103,500
3. Calculate the total cash at the end of June:
Total cash at the end of June: Total cash receipts - Total cash payments
$166,500 - $103,500 = $63,000
Therefore, JWOL Corp is projected to have a total amount of cash at the end of June of $63,000.
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Related Questions
Suppose Deborah is a cinephile and buys only movie tickets. Deborah deposits $1,000 in a bank account that pays an annual nominal interest rate of 5%. Assume this interest rate is fixed—that is, it won't change over time. At the time of her deposit, a movie ticket is priced at $10. 0
Answers
Deborah can buy 5 movie tickets with the interest she earns each year. The concept used here is simple interest.
Simple interest is a way of calculating the interest earned on a deposit or loan where the interest is calculated only on the original principal amount. It is called simple interest because it does not take into account the interest that has been accumulated over time (compound interest).
To calculate the interest earned by Deborah, we use the formula for simple interest:
Interest = Principal x Interest Rate x Time
In this case, the principal is $1,000, the interest rate is 5% (expressed as 0.05), and the time is 1 year.
So, Interest = $1,000 x 0.05 x 1 = $50
This means that Deborah earns $50 in interest each year.
To calculate the number of movie tickets she can buy with the interest earned, we divide the interest earned ($50) by the cost of a movie ticket ($10):
Number of movie tickets = $50 / $10 = 5
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Which of the following crimes, by definition, involves the use of fear or Force
Answers
Hope that’s makes sense
Q9. WE Company has completed all operating budgets other than the income statement for 2024. Selected data from these budgets follow.
Sales: $350,000
Purchases of raw materials: $145,000
Ending inventory of raw materials: $15,000
Direct labor: $40,000; Manufacturing overhead: $73,000, including $3,000 of depreciation expense
Selling and administrative expenses: $36,000 including depreciation expense of $1,000; Interest expense: $1,000
Principal payment on note: $2,000; Dividends declared: $2,000 and Income tax rate: 30%
Other information:
Assume that the number of units produced equals the number sold.
Year-end accounts receivable: 4% of 2024 sales.
Year-end accounts payable: 50% of ending inventory of raw materials.
Interest, direct labor, manufacturing overhead, and selling and administrative expenses other than depreciation are paid as incurred.
Dividends declared and income taxes for 2014 will not be paid until 2015.
Instructions
(a) Calculate budgeted cost of goods sold.
(b) Prepare a budgeted income statement for the year ending December 31, 2014.
(c) Prepare a budgeted balance sheet as of December 31, 2014
Answers
Answer:
(a) To calculate the budgeted cost of goods sold, we need to use the following formula:
Beginning Inventory of Raw Materials + Purchases of Raw Materials - Ending Inventory of Raw Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing Costs
$0 (assuming no beginning inventory of raw materials) + $145,000 - $15,000 + $40,000 + $73,000 = $243,000
Then, we can use the following formula to calculate the budgeted cost of goods sold:
Total Manufacturing Costs + Beginning Finished Goods Inventory - Ending Finished Goods Inventory = Cost of Goods Sold
$243,000 + $0 - $0 = $243,000
Therefore, the budgeted cost of goods sold is $243,000.
(b) Using the information above, we can prepare a budgeted income statement for the year ending December 31, 2014 as follows:
WE Company
Budgeted Income Statement
For the Year Ending December 31, 2014
Sales $350,000
Cost of Goods Sold $243,000
Gross Profit $107,000
Selling and Administrative Expenses $36,000
Depreciation $1,000
Interest Expense $1,000
Income before Taxes $69,000
Income Tax Expense $20,700
Net Income $48,300
(c) Using the information above, we can prepare a budgeted balance sheet as of December 31, 2014 as follows:
WE Company
Budgeted Balance Sheet
As of December 31, 2014
Assets
Cash TBD
Accounts Receivable TBD
Inventory of Raw Materials $15,000
Finished Goods Inventory TBD
Total Assets TBD
Liabilities and Stockholders' Equity
Accounts Payable TBD
Note Payable TBD
Stockholders' Equity TBD
Total Liabilities and Stockholders' Equity TBD
To complete the budgeted balance sheet, we need additional information such as the amount of cash, accounts receivable, finished goods inventory, note payable, and stockholders' equity.
A typical demand curve has a ______ slope and a typical supply curve has a ______ slope. a) positive; negative b) negative; positive c) flat; steep d) steep: flat positive; positive
Answers
A typical demand curve has a negative slope and a typical supply curve has a positive slope. When we speak of demand and supply curves.
we are usually referring to the effect of price on the quantity of goods demanded or supplied. The relationship between the quantity of goods demanded and the price of those goods is known as the demand curve, and it has a negative slope. That is to say, as the price of a good or service rises, the quantity demanded of it will fall, and vice versa.
The relationship between the quantity of goods supplied and the price of those goods is known as the supply curve, and it has a positive slope. That is to say, as the price of a good or service rises, the quantity supplied of it will rise, and vice versa. Demand and supply curves are fundamental to the study of economics.
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The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.
MOTO HOTEL
Trial Balance
May 31, 2017
Debit Credit
Cash $ 2,333
Supplies 2,600
Prepaid Insurance 1,800
Land 14,833
Buildings 71,200
Equipment 16,800
Accounts Payable $ 4,533
Unearned Rent Revenue 3,300
Mortgage Payable 37,200
Common Stock 59,833
Rent Revenue 9,000
Salaries and Wages Expense 3,000
Utilities Expense 800
Advertising Expense 500
$113,866 $113,866
Other data:
Insurance expires at the rate of $360 per month.
2. A count of supplies shows $1,150 of unused supplies on May 31.
3. (a) Annual depreciation is $3,600 on the building.
(b) Annual depreciation is $3,000 on equipment.
4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,630 has been earned.
6. Salaries of $750 are accrued and unpaid at May 31.
Journalize the adjusting entries on May 31.
Answers
Okay very school thank s
Sometimes the government will step in when they feel the need to encourage competition in
a particular industry and to break up companies that have nearly complete control over a
particular market. What is it called when the government initiates action against companies
that appear to have too much power?
A.consumer protection
B.OSHA
C.monopolies
D.antitrust suits
Answers
Minimizing Construction Costs The management of the UNICO department store has decided to enclose an 839 Rares outside the building for displaying potted plants and flowers. One sid will be formed by
Answers
The management of the UNICO department store plans to enclose an 839-square-foot area outside the building for displaying potted plants and flowers.
The management's decision to enclose an 839-square-foot area outside the UNICO department store is aimed at creating a designated space for displaying potted plants and flowers. By enclosing this area, the store can enhance its aesthetics, provide a pleasant environment for customers, and potentially attract more foot traffic.
Enclosing the area can serve several purposes. It can protect plants and flowers from harsh weather conditions, such as excessive sunlight, wind, or rain, ensuring their longevity and attractiveness to customers. Additionally, enclosing the space allows for better control over the display, enabling the store to organize and arrange the plants in an appealing manner.
The enclosure can be achieved through various means, such as constructing walls or using glass panels, depending on the desired design and budget. The materials used should be durable, aesthetically pleasing, and able to withstand the outdoor environment.
Overall, the decision to enclose the 839-square-foot area outside the UNICO department store for displaying potted plants and flowers is a strategic move to enhance the store's ambiance, attract customers, and create an enjoyable shopping experience.
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the table contains the supply and demand schedule for bluefin tuna. suppose all countries agree to limit tuna fishing to a total of 15,000 tons per year through a strictly enforced licensing program for fishermen. price per pound quantity demanded (tons) quantity supplied(tons) $11.80 12,000 27,000 $11.35 15,000 24,000 $10.90 18,000 21,000 $10.45 21,000 18,000 $10.00 24,000 15,000 $9.55 27,000 12,000 at the new fishing quota, what is the quota rent per pound of bluefin tuna? $ suppose the average fisherman can catch 200,000 pounds of bluefin tuna every year ( 100 tons). what is the value of a bluefin tuna fishing license? $
Answers
We must first establish the demand equilibrium price under the new quota in order to calculate the rent per pound of bluefin tuna. Thus, a bluefin tuna fishing license is worth $90,000.
According to the table, the quantity given at a price of $10.00 per pound is equivalent to the quantity sought at a total fishing limit of 15,000 tons. As a result, under the new quota, the equilibrium price is $10.00 per pound.
In order to provide the fish, we must discover the difference between the equilibrium price and the minimal supply price. In this instance, 27,000 tons of tuna may be provided for the minimum supply price of $9.55 per pound. Thus, the price of the quota per pound of bluefin tuna is:
Quota Rent = Equilibrium Price - Minimum Supply Price
Quota Rent = $10.00 - $9.55
Quota Rent = $0.45 per pound
Value of Fishing License = Quota Rent per Pound x Amount of Tuna per License
Value of Fishing License = $0.45 x 200,000
Value of Fishing License = $90,000
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Correct Question:
The table contains the supply and demand schedule for bluefin tuna. suppose all countries agree to limit tuna fishing to a total of 15,000 tons per year through a strictly enforced licensing program for fishermen. price per pound quantity demanded (tons) quantity supplied(tons) $11.80 12,000 27,000 $11.35 15,000 24,000 $10.90 18,000 21,000 $10.45 21,000 18,000 $10.00 24,000 15,000 $9.55 27,000 12,000 at the new fishing quota, what is the quota rent per pound of bluefin tuna? $ suppose the average fisherman can catch 200,000 pounds of bluefin tuna every year ( 100 tons). what is the value of a bluefin tuna fishing license? $
kamila is an unpaid worker in her family's restaurant. the bureau of labor statistics counts kamila as a.unemployed and in the labor force. b.a discouraged worker. c.employed and in the labor force. d.a marginally attached worker.
Answers
The bureau of labor statistics counts Kamila as employed and in the labor force. Thus option C is correct.
Who is a worker?A worker is someone who does work. Typically, this relates to an individual who performs manual labor, such as producing items.
No one who is neither engaged nor looking for work is considered to be in the labor market. The labor force is made up of both employed people and unemployed workers, and the jobless rate is calculated by dividing the percentage of jobless people by the total labor force.
If a person works for compensation or runs their own company for a minimum of an hour any day of every week, along with the twelfth of something like the month, people are regarded to be employed.
Therefore, option C is the correct option.
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25 points, Why are certain brands global? 3-4 sentences, please.
Answers
Answer: Certain Brands can be global because of their profits, Let's take cars for a example, Cars can be made and distributed based on the company if they can pay for all the shipping and everything, but it really depends on the company and what they are selling.
Explanation:
The owner of a small lawn-mowing business separates the job functions of the business into mowing, edging, and trimming so she can assign the tasks to different workers. What process is exemplified by this action?
Answers
The process undertaken by the owner of the small lawn-mowing business is known as division of labor.
What is division of labor?Division of labor is when a task is broken up into smaller tasks. The smaller tasks are then assigned to different workers to carry out.
An advantage of division of labor is that it leads to mastery of a particular task. This is because the task is done continuously be a particular person. Division of labor allows for work to be completed at a faster rate.
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Please help
Give four examples of how a business product can affect its operations function
Answers
1. Product design: The design of a product can impact the operations function in terms of production methods, equipment, and staffing requirements. For example, if a product is complex and requires specialized machinery to produce, the operations team will need to invest in the right equipment and ensure that they have skilled staff to operate it.
2. Product complexity: The complexity of a product can also impact the operations function. If a product is highly complex, it may require more time and resources to produce, which can affect production schedules and staffing levels.
3. Product quality: The quality of a product can impact the operations function in terms of quality control measures, inspections, and testing. If a product has strict quality requirements, the operations team may need to invest in additional quality control measures to ensure that the product meets those requirements.
4. Product demand: The demand for a product can impact the operations function in terms of production volumes, inventory management, and staffing levels. If a product is in high demand, the operations team may need to increase production volumes and ensure that they have enough inventory to meet customer demand. They may also need to hire additional staff to keep up with production levels.
Is Vegeta the prince of all saiyans or the king of all saiyans
Answers
Answer: the prince
Explanation: Vegeta first appears in chapter #204 "Sayonara, Son Goku", published in Weekly Shōnen Jump magazine on November 7, 1988, seeking the wish-granting Dragon Balls to gain immortality. Vegeta is the prince of an extraterrestrial warrior race known as the Saiyans.
In Germany, it takes three workers to make one television and four workers to make one video camera. In Poland, it takes six workers to make one television and workers to make one video camera.
who has the absolute advantage in the production of televisions? who has the absolute advantage in the production of video cameras? how can you tell?
Answers
In this scenario, Germany has the absolute advantage in the production of televisions, and Poland has the absolute advantage in the production of video cameras.
Absolute advantage refers to the ability of a country or producer to produce a good or service using fewer resources or at a higher efficiency compared to another country or producer. It is determined by comparing the productivity or resource requirements of different countries or producers. In the given scenario, Germany requires three workers to make one television, while Poland requires six workers. Since Germany can produce a television with fewer resources (workers) than Poland, it has the absolute advantage in television production.Similarly, Poland requires four workers to make one video camera, while there is no information provided about Germany's video camera production. However, since Poland requires fewer workers to produce a video camera compared to televisions, it can be inferred that Poland likely has the absolute advantage in video camera production as well.
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Terrance lives in an area that is expensive, but he does not want to move. When looking at a career, what should Terrance consider? He should choose a career cluster that will allow him to support himself. He should pick a career that speaks to his heart and worry about the finances later. He should ask his family to help support him. He should not worry because he can dictate how much money he will earn.
Answers
Answer:
He should choose a career cluster that will allow him to support himself.
Explanation:
Why is marketing considered by many to be the most important business function?
Answers
Given the diversity of developing countries, do you think that
there could ever be a single, unified theory of development?
Explain your answer.
Answers
The answer to this question is that, given the diversity of developing countries, there could never be a single, unified theory of development.
This is because development theories must reflect the specific circumstances of the countries in which they are being applied. Developing countries are not all the same.
They have different levels of economic development, different resource endowments, and different political systems. For example, the needs of an oil-rich country in the Middle East will differ greatly from those of a sub-Saharan African country that is heavily dependent on agriculture.
This diversity means that no single theory of development can work for all developing countries. Developing countries are diverse in their historical backgrounds, cultures, social values, and political institutions. It is, therefore, impossible to come up with a single unified theory of development that will work for all countries. What works for one country may not work for another.
In addition, the global context is constantly changing, with new economic, social, and environmental challenges emerging all the time. This means that development theory must continue to evolve and adapt to meet these new challenges. In conclusion, given the diversity of developing countries, it is unlikely that a single, unified theory of development will ever emerge. Instead, development theory will continue to be shaped by the unique circumstances of individual countries and the changing global context.
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the process of identifying (or estimating) a potential insurance buyer’s expected loss is known as: a. underwriting b. risk management c. loss adjusting d. insurance distribution
Answers
The correct answer is a) underwriting. Underwriting is the process through which insurance companies evaluate the risk involved in insuring a particular individual or entity.
This process helps the insurance company determine the potential losses that the individual or entity may incur, which is used to determine the insurance premiums.
Underwriting involves the collection of information about the individual or entity, including their past claims history, risk factors, and any other relevant information that may help to determine the likelihood of future claims. This information is then analyzed to determine the potential risk involved in insuring the individual or entity and to determine the appropriate premium to charge for the insurance policy.
The process of underwriting is an important part of the insurance industry as it helps to ensure that insurance companies are able to accurately price their policies and manage their risk exposure. By accurately assessing the risk involved in insuring a particular individual or entity, insurance companies are able to provide their customers with appropriate coverage while also managing their financial risk.
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Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answers
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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After Evan closed the sale of window replacements, he asked the customer for names of potential customers in the neighborhood. This is a way to conduct
A) approaching.
B) making the sale.
C) qualifying.
D) prospecting.
E) presenting.
Answers
The Prospecting refers to the act of searching for potential customers or clients for a business. In this scenario, Evan is asking the customer for names of potential customers in the neighborhood, which is a form of prospecting.
Approaching refers to the initial interaction with a potential customer, making the sale refers to the act of closing a deal, qualifying refers to determining if a potential customer is a good fit for the product or service being offered, and presenting refers to showcasing the product or service to a potential customer. While all of these terms are important in the sales process, the specific action being described in the scenario is prospecting.
Prospecting is the process of searching for potential customers or clients in order to generate new business. By asking the customer for names of potential customers in the neighborhood, Evan is engaging in prospecting to find more leads for his window replacement business.
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You work in a company that has snacks in the kitchen. You realize that a coworker never brings their own food or eats out, but instead eats 5-6 snacks each day. You’re aware that other employees help themselves to snacks, but limit themselves to 1 snack per day.
Answers
In case you worry about your colleague's frequent munching tendencies, try initiating a cordial and objective dialogue without any hint of criticism. Voice your concern regarding their welfare and enquire on how to assist them in choosing healthier snacks.
How should you treat this situation?Additionally, it may be plausible that this coworker has an underlying medical condition or dietary limitation prompting he requires more snack breaks than what is perceived as normal practice. In such cases, supportive understanding will go a long way in the person's psychology boosting.
Furthermore, for workers who only snack once each day, disparities impact different dietary necessities and lifestyle preferences aside from health aspects. Hence, gauging an individual in line with someone else proves futile due to numerous factors at play.
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What does good customer service include?
Answers
Answer:
Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is
Answer:
Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.
Explanation:my mom works for customerservice
Assignment Overview
The manufacturing sector of our economy is so large, and the career opportunities so varied, that we need a way to narrow down the field for easier exploration. One way to do that is to start with an industry within a manufacturing subsector.
Assignment Directions
Step 1:
Through online research, select one manufacturing industry within one of the subsectors listed in this lesson for further research. For example, in the food manufacturing subsector, you might choose dairy product manufacturing or seafood product preparation and packaging. You can find lists of industries in each subsector at the U.S. Department of Labor’s Bureau of Labor Statistics.
Step 2:
Describe the industry, including what it does and its outlook for the future.
Step 3:
Summarize the types of jobs and career opportunities the industry offers.
Step 4:
Choose one career in the industry of your choice. Describe the career, including its role in the manufacturing process, the tasks a person in this career performs, the education and experience required to pursue this career, and its long-term prospects for employment and growth.
Submission Requirements
On 3 to 5 PowerPoint slides:
Select one manufacturing industry.
Describe the industry.
Summarize the types of jobs/career opportunities it offers.
Choose and describe one career in that industry.
Answers
The manufacturing sector of our economy is quite large and so we need a way to narrow down the field for easier exploration. So here, dairy product manufacturing sector is choosed.
In the manufacturing sector of our economy there are many different industries included, among which here, dairy product manufacturing sector is choosed to be discussed further.
Dairy product manufacturing is the process of fermentation of milk which is done by using suitable microorganisms to reach a desired level of acidity. Thus, the fermented products include yoghurt, dahi, koumiss, kurut, tarag, and kefir.
Hence, the dairy scientists tend to work to efficiently, safely in order to produce and process dairy foods such as cheese, milk, eggs and yogurt.
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Which error type would you now be most concerned with? Why?
Answers
In sewing, the most concerning error type would depend on the specific sewing project and the intended use of the final product.
What are common error types?Generally, however, some common error types that could cause the most concern include incorrect measurements, inaccurate cutting, improper seam allowance, thread tension issues, and sewing machine malfunctions. Each of these errors can affect the quality and durability of the final product, and may even render it unwearable or unusable.
Therefore, it is important to pay attention to all aspects of the sewing process to minimize the occurrence of errors and ensure the best possible outcome.
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How much would Software C cost
you in the long run?
80% . $0
$[?]
Satisfaction
Not Satisfied
20%. $20,000
$5,000
Software C
Software D
$8,000
85% $0
Satisfaction
Not Satisfied
15%. $15,000
![How much would Software C costyou in the long run?80% . $0$[?]SatisfactionNot Satisfied20%. $20,000$5,000Software](https://i5t5.c14.e2-1.dev/h-images-qa/contents/attachments/TfwC4SntgwZtMIDD6BHtjHVk2isgVbA5.png)
Answers
Answer: $8,000
Explanation:
If you're satisfied, the cost of software C is:
= 5,000 + 0
= $5,000
If you are not satisfied, the cost is:
= 5,000 + 20,000
= $25,000
You can then use the probabilities to calculate the expected total cost:
= (Probability of satisfied * Cost if satisfied) + (Probability of unsatisfied * Cost if unsatisfied)
= (80% * 5,000) + (20% * 20,000)
= $8,000
What type of relationship do a lawyer and a client have?
A) an administrative relationship
B) a labor relationship
C) an agency relationship
D) a tort relationship
Answers
Answer:
An Agency relationship but it's D on Edge
Explanation:
The type of relationship a lawyer and a client have is an agency relationship. Thus option (C) is correct.
What is an agency?An agency is a business, firm, or organization that provides a specific service. Sometimes but not always the agencies also work on behalf of another group, business, or person.
Some agencies work for the private sector like an advertising agencies, employment agencies, and travel agencies. Some are government agencies for example they are part of the public sector.
The advertising agencies, add agencies, or creative agencies are firms that focus on creating, planning, and handling advertising. In fact, some employment agencies belong to the government; therefore, they may also be in the public sector.
The type of relationship a lawyer and a client have is an agency relationship. Therefore, option (C) is correct.
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China spends an estimated $100,000 per year on cloud seeding efforts which include using anti-aircraft guns and rocket launchers to fill the sky with silver iodide. In the United States, utilities that run hydroelectric dams are among the most active cloud seeders because they believe it is a cost-effective way to increase limited water supplies by 10% or more. If the yields of cash crops will increase by 4% per year for the next 3 years because of extra irrigation water captured behind dams during cloud seeding, what is the future worth (in year 3) of the extra value of the cash crops
Answers
The future worth of the extra value of the cash crops in year 3 will be approximately 1.12 times the present value of the extra value of the cash crops.
Given that the yields of cash crops will increase by 4% per year for the next 3 years because of extra irrigation water captured behind dams during cloud seeding, the future worth (in year 3) of the extra value of the cash crops can be calculated using the formula for future value of a sum of money: Future Value = Present Value x (1 + r)n, where r is the annual interest rate and n is the number of years. Here, the annual interest rate is the rate of increase in yield, which is 4%, and the number of years is 3. Let the present value of the extra value of the cash crops be x. Then the future worth of the extra value of the cash crops in year 3 will be:x(1 + 0.04)³ = x(1.124864) ≈ 1.12x.
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Which statement is true?
A. a savings savings plan and a budget don’t really have anything to do with each other.
B.it doesn’t do much good to have a savings plan if you don’t know how to budget your money.
Answers
Answer:
B. I'm pretty sure pls tell me if I'm wrong
Suppose that the price of oranges
increases from $1 to $1.10 per pound
and the quantity demanded falls from
1000 pounds to 800 pounds.
A. Calculate the price elasticity of
demand when price changes from
$1.to $1.10.
B. Are oranges elastic or inelastic at
this price point? Explain your
answer.
C. What happens to total revenue for
orange sellers when the price of
oranges increases a few cents
above $1 (total revenue increases,
decreases, stays the same, cannot
be determined)? Explain your
answer and why..
D. Assume that the demand for
oranges is a straight line, Calculate
its equation in terms of price (p)
and quantity (q).
Answers
The price elasticity of demand is -2.
B. Oranges are elastic at this price point because the price elasticity of demand is greater than 1. A price elasticity of demand value greater than 1 means that a change in price leads to a proportionally larger change in quantity demanded.
What is the price elasticity about?A. The price elasticity of demand can be calculated using the formula:
% change in quantity demanded / % change in price
The percentage change in price is:
(1.10-1)/1 * 100%
= 10%
The percentage change in quantity demanded is:
(800-1000)/1000 * 100% = -20%
Using these values in the formula, we get:
-20% / 10% = -2
Therefore, the price elasticity of demand is -2.
C. Total revenue is calculated as the price of oranges multiplied by the quantity sold. When the price of oranges increases, the quantity demanded decreases. The effect on total revenue depends on the price elasticity of demand. If demand is elastic (as it is in this case), the decrease in quantity demanded will be proportionally larger than the increase in price, so total revenue will decrease. Therefore, total revenue decreases when the price of oranges increases a few cents above $1.
D. We know that the demand for oranges falls from 1000 pounds to 800 pounds when the price increases from $1 to $1.10. Using the two points, we can find the slope of the straight line as:
(800-1000)/(1.10-1) = -200/0.1 = -2000
This gives us the slope of the line, which is also the coefficient of price (p) in the demand equation. Using the point-slope form of a line, we can find the equation of the line as:
q - 1000 = -2000(p - 1)
Simplifying, we get:
q = -2000p + 3000
Therefore, the equation of the demand curve for oranges is q = -2000p + 3000, where q is the quantity demanded and p is the price of oranges.
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how can the financial plan be used to help management provide guidance to security analysts?
Answers
The financial plan can be used to help management provide guidance to security analysts regarding the company's long-term financial goals and objectives.
The financial plan should include a detailed analysis of the company's financial situation, including its current assets, liabilities, and cash flow.
This information can be used to assess the company's short-term and long-term financial health and determine what areas may need improvement.
Additionally, the financial plan can provide insight into the company's expected growth rate, financial stability, and potential risks.
By understanding the company's overall financial picture, security analysts can better determine whether or not to recommend the company's stock as an investment.
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